Investor Presentaiton
CAT
THE INSTITUTE OF
CHARTERED ACCOUNTANTS OF SRI LANKA
Function of Expense Method
Revenue
Cost of sales
Gross profit
XXXX
(XXXX)
XXXX
Other income
XXXX
Distribution costs
(XXXX)
Administrative expenses
(XXXX)
Other expenses
(XXXX)
Profit
XXXX
29
CAT
THE INSTITUTE OF
CHARTERED ACCOUNTANTS OF SRI LANKA
Material Items of Income or Expense
Examples are given but list in LKAS 1 is not exhaustive
Write-downs of inventories to net realisable value or of pp&e to
recoverable amount, as well as reversals of such write-downs
Restructurings of activities and reversals of restructuring provisions
Disposals of items of ppe
Discontinued operations
Litigation settlements
Other reversals of provisions
What is meant by 'material'?
30
15View entire presentation